TriWest Capital Partners

TriWest Capital Partners is a private equity firm based in Calgary, Canada, founded in 1998. The firm specializes in equity investments primarily in management buyouts, growth capital, and special situation transactions, focusing on mid-tier companies within the service, manufacturing, and distribution sectors. TriWest typically targets businesses with annual revenues between $10 million and $200 million and an EBITDA range of $10 million to $100 million, although it remains open to opportunities outside this range. The firm prefers to take a majority stake in its investments, which usually span four to seven years. TriWest has raised over $775 million in committed capital and offers operational and transactional expertise to its portfolio companies, aiming to create shareholder value.

Duncan Adams

Managing Director

Jeff Belford

Senior Managing Director

Dave Connolly

Managing Director

Chad Danard

Senior Managing Director

Ryan Giles

Senior Managing Director

Michael MacBean

Senior Managing Director

Mick MacBean

Senior Managing Director

Logan Miller

Vice President

Allie Moran

Senior Associate

Norm Rokosh

Senior Managing Director

Agam Sivia

Associate

Jon Spencer

Managing Director

Mike Stone

Vice President

John Watkins

Senior Vice President, Finance

Past deals in Oilfield Services

Lithion Power Group

Private Equity Round in 2018
HPC Energy Services, based in Calgary, Canada, specializes in horizontal drilling technologies. The company provides integrated oil and gas services that are designed to adapt to the evolving demands of the drilling industry. By offering a range of tools and solutions that enhance efficiency from the drilling rig to the drill bit, HPC Energy Services aims to support its customers in optimizing their operations.

Peloton Computer Enterprises

Private Equity Round in 2017
Peloton Computer Enterprises Ltd. specializes in developing software solutions for drilling and well data management tailored for the oil and gas industry. Established in 1991 and headquartered in Calgary, Canada, the company offers a range of products that support various aspects of the well lifecycle. These include MasterView, a corporate database for drilling and well operations data; WellView, which manages well planning, drilling, and production; RigView, for scheduling and managing well workloads; SiteView, focused on construction and facilities management; and ProdView, which enhances production reporting and visualization. Peloton's software solutions facilitate data acquisition, analysis, and visualization, thereby enabling operators to optimize their operations. In addition to its software offerings, the company provides consulting and training services. Peloton has a global presence with offices in key cities such as Aberdeen, Amsterdam, Houston, and Dubai, along with subsidiaries in the United States, the Netherlands, and Barbados.

Bull Moose Capital

Acquisition in 2016
Bull Moose Capital Ltd. is a Calgary-based company specializing in the rental and leasing of natural gas compressors, particularly high horsepower reciprocating units. Founded in 2004, the company primarily serves the natural gas sector in Western Canada, facilitating the movement of natural gas through gathering systems. In addition to its rental services, Bull Moose Capital also engages in the resale of surplus compressor units and invests in energy infrastructure projects. The company is committed to providing tailored solutions to its customers, offering flexible contract terms and a range of technical and financial support related to natural gas compression and its associated infrastructure.

Bull Moose Capital

Private Equity Round in 2016
Bull Moose Capital Ltd. is a Calgary-based company specializing in the rental and leasing of natural gas compressors, particularly high horsepower reciprocating units. Founded in 2004, the company primarily serves the natural gas sector in Western Canada, facilitating the movement of natural gas through gathering systems. In addition to its rental services, Bull Moose Capital also engages in the resale of surplus compressor units and invests in energy infrastructure projects. The company is committed to providing tailored solutions to its customers, offering flexible contract terms and a range of technical and financial support related to natural gas compression and its associated infrastructure.

Innova Global

Acquisition in 2015
Innova Global Limited specializes in engineering, fabrication, and construction services, focusing on noise control and waste heat recovery solutions for various industrial sectors, including power generation and petrochemicals. The company offers a wide range of services, such as acoustic consulting, air pollution compliance, and the installation of systems for managing noise and air emissions. Its product line includes gas path auxiliary equipment for gas turbines, heat recovery steam generators, and specialized boilers. Innova Global's projects encompass diverse applications such as compressor stations, noise management systems, and retrofitting services across multiple industries. Operating from its base in Calgary, Canada, the company serves clients globally, with sales offices in North America and a network of third-party fabrication facilities. Innova Global was established in 2012 and has evolved from its previous identity as ATCO Emissions Management Ltd. following its acquisition by TriWest Capital Partners in 2015.

Prostar Energy

Acquisition in 2015
Prostar Energy is a leading designer and manufacturer of automated well servicing equipment tailored for the energy exploration and production sectors. The company specializes in providing innovative solutions, including hydrostatic brakes, sheaves, hook clevis, mud pumps, and oil drilling equipment. Through its two wholly owned subsidiaries in Canada, Prostar operates fully automated service rigs that enhance efficiency in the heavy oil market. The company is recognized for its experienced and knowledgeable crews, ensuring high-quality service and operational excellence in well servicing.

Strike Group

Acquisition in 2015
Strike Group Inc. is an energy service and construction company based in Calgary, Canada, founded in 2004. The company provides a comprehensive range of services, including plant and facility construction, pipeline construction and maintenance, and electrical construction and instrumentation services. Additionally, Strike Group specializes in facility maintenance turnarounds, module assembly and fabrication, as well as tank cleaning services. Its offerings extend to the installation of compressors, separators, line heaters, and meter stations. The company serves various industries, including oil and gas, midstream, transportation, mining, and utilities, focusing on delivering project construction and maintenance solutions tailored to the energy sector.

NCSG Crane & Heavy Haul

Acquisition in 2014
NCSG Crane & Heavy Haul Corporation offers crane rental and heavy haul services in western North America. It offers operated and maintained cranes, bare rental cranes, contract lifting, heavy hauling, on-site transportation, hoisting and transportation-related engineering, logistics coordination, jack-and-slide, oilfield and boom truck, and specialty rigging services, including gantries and heavy forklifts. The company has a fleet of mobile cranes, conventional trailers, and lines of hydraulic platform trailers. It also provides equipment sale. The company offers its products and services for oil and gas, infrastructure, wind energy, and mining projects. NCSG Crane & Heavy Haul Corporation was formerly known as NC Services Group Ltd. The company was founded in 1987 and is headquartered in Edmonton, Canada.

Kayden Industries

Acquisition in 2014
Kayden Industries Ltd. specializes in designing and manufacturing high-volume centrifuges and dewatering systems primarily for the energy and drilling industries. Founded in 1995 and headquartered in Calgary, Canada, the company offers a range of products including mammoth and predator centrifuges, mobile dewatering trailers, and various auxiliary equipment such as premix tanks and floc tanks. These systems are utilized to separate drill cuttings from drilling fluid, which enhances drilling performance, extends the life of drilling fluid systems, and minimizes environmental impact by improving the management of solids disposal. In addition to its manufacturing capabilities, Kayden Industries provides field support and technical services, including laboratory testing, delivery, installation, maintenance, and on-site inspections, ensuring comprehensive support for its clients across multiple locations in Canada and operations in New York.

Source Energy Services

Private Equity Round in 2013
Source Energy Services Ltd. is a Calgary-based company that specializes in the production, supply, and distribution of Northern White frac sand, primarily for the oil and gas exploration and production sectors in Western Canada and the United States. Founded in 2017, the company provides an integrated solution that includes frac sand sourced from its Wisconsin mines and processing facilities, as well as a network of terminals in Western Canada and comprehensive last-mile logistics. In addition to frac sand, Source Energy Services offers storage and logistics for other bulk oil and gas well completion materials. The company has also developed a proprietary mobile sand storage and handling system known as Sahara, enhancing its service offerings in the field.

Colter Energy

Acquisition in 2013
Colter energy is a provider of production testing equipment and services to the oil and gas industry. Colter energy service supports all aspects of the upstream oil and gas industry with a primary focus on efficiency and safety.

Northern Mat & Bridge

Private Equity Round in 2012
Northern Mat & Bridge LP specializes in providing temporary access solutions for various industries, including construction, mining, and energy. The company manufactures, sells, rents, and installs a range of products such as wooden access mats, steel frame rig mats, and both temporary and permanent bridge structures. These solutions enable clients to operate in challenging terrains while minimizing environmental impact. Additionally, Northern Mat offers comprehensive services, including emergency response, project planning, maintenance, and inventory management. Their modern fleet of transport trucks and equipment ensures efficient and safe installation of their products. Established in 1999 and headquartered in Clairmont, Canada, with additional offices in Alberta, British Columbia, and Saskatchewan, Northern Mat serves a diverse clientele across Canada, addressing the needs of sectors like oil and gas, wind energy, and pipeline construction.

Concreate

Private Equity Round in 2011
Concrete rehabilitation, concrete protection, and new construction projects. Bridge and overpass rehabilitation services comprise the largest service category for the company.

Driving Force

Private Equity Round in 2010
Driving Force is a company specializing in vehicle rentals, sales, and leasing services for commercial, business, and personal use. Its primary focus is on supplying light-duty trucks and customized vans, catering to various customer needs. The company provides a range of services, including truck rentals, sports utility vehicle rentals, special event rentals, and the sale of both new and used cars and trucks. Additionally, Driving Force offers leasing options for new and pre-owned vehicles, ensuring flexibility and convenience for its clients.

Fraser River Pile & Dredge (FRDP)

Private Equity Round in 2008
FRDP is a provider of marine construction and dredging services. Also involved in both land foundation and marine environmental remediation work.

KMC Mining

Private Equity Round in 2008
KMC Mining Corporation specializes in contract mining services, primarily within the open-pit mining sector of the Canadian oilsands. Founded in 1949 and based in Acheson, Canada, the company offers a comprehensive suite of services that includes site preparation, tailings dyke and haul road construction, overburden removal, and ore hauling. Additionally, KMC provides reclamation services such as muskeg removal, soil salvaging, and site remediation. The company's expertise extends beyond oilsands to other mining sectors, including zinc, coal, gold, uranium, and diamonds. KMC Mining is recognized for its extensive fleet of well-maintained heavy mining equipment and its commitment to promoting a safe working environment.

RTL-westcan

Private Equity Round in 2006
RTL-Westcan is also engaged in civil and industrial construction. The Company provides LTL service to all communities in the Western Arctic and scheduled LTL service between Edmonton, Enterprise and Yellowknife. The Company also utilizes its logistical expertise and its vast fleet of trailer configurations for a variety of unique contract hauling projects.

Royal camp

Private Equity Round in 2006
Royal Camp Services Ltd. specializes in providing camp and catering services for remote projects across various sectors, including oil and gas, construction, and forestry. Founded in 1991 and based in Edmonton, Canada, the company operates multiple open camps in Western Canada, offering a comprehensive range of services. These include workforce accommodations, menu planning, grocery delivery, daily food preparation, and custodial support. Royal Camp manages a fleet of specialized units, such as dormitories, kitchen and dining facilities, medical quarters, command centers, and recreational units. Through its services, the company enables clients to outsource their camp and catering needs, allowing them to concentrate on their primary business operations.
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